New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-24

THURSDAY, June 23-P. VI.


The complete report of the counrys foreign commerce
in the month of May issued yesterday by the Bureau OF
Statistics. shows that in the merchandise movements
the imports exceeded the exports S5033675. against
an excess OF exports of 81 JESSIE IN May, 1856 The
value OF the exports in May this year were $lO7ls16
less than in May 1885, while the values OF the imports
this May were $3.sO0,OOO greater than in May. 1886
This result was plainly forcshadowed in the preliminary
report of the principal articles of export which was
printed in THE TRIBUNE of June Is. The articles
enumerated in that report showed decline in values
from May, 1856, Of $123O000O. OF which the loss In
cotton 600 and in provisions $l,5O0O00.
specie gold and silver coin and bulon) movement
gives an excess of imports of $66551 for last month,
against of exports OF $795s.25o in May 1856
In detail the gold movement for the month OF 1856 was
Exports 81 395 O39 imports $24s $50 against for the
month of this year. exports, S296.269; imports,
S9039 $3.50 The silver movement for the month OF 1856
was Exports S206S,Si6; imports. ACKNOWLEDGEMENTS
for the month of this year: exports, $2,22l 900 i'm
ports, $1,3s3,s32
For the eleven months ended May 81 the exports Of
merchandise show an increase of S45,0o0O0O and the
imports of merchandise increase of Si99OO,OOO;
hence the OF exports imports OF merchandise
for the last eleven months about Sl90oo00
smaller than for the period Of the preceding year
In the last eleven months the imports of specie gold
and silver coin bullion) exceeded the exports by
202 against excess of exports OF S5074476
difference of S5 100000 in favor OF the monetary
circulation in this country In detail the specie move
ment of the two periods of eleven months as fol
lows In the last period gold imports were "a i053is
and exports S90s0.s71-an excess of imports OF
S33 O00000 against for the period ended May 81
1885, exports OF $3i,572.0is and imports OF
$2O4sO 65s-an of exports OF Sl4,1O0,000 The
silver movement OF the last eleven months was: Ex
ports, S2454s.S70 imports, Sl6.277 .595an excess OF
exports of $s,300O0o; against for the same period
ended May 81, 1856: exports. s27.657oss; imports
$l6,674 O02 excess OF exports OF 81 100000.
The result is that for the last eleven months the excess
OF eaports-merchandise, specie and bulion-is only
Sl2 l69375, against excess OF S67l67,s6i for the
eleven months ended May 81, 1856, and against an ex
OF SI6l .256497 for the months ended May
81. 1855.
And yet with the balance OF trade much against
the country as the figures for last month show tho
foreign exchange has steadily declined. Superficial
writer's who balance the commercial books OF the
country each month by the exports and imports of that
month, need to revise their system OF bookkeeping IL
every knew that irrespective Of national
boundaries. money flows where business and enterprise
call it. In 1885 the United States. with merchandise
balance of $l6549205s for eleven months, were stag
nating In 1897 with balance OF only S37,522577 for
eleven months In their favor they leading arevya
OF general prosperity.
Notwithstanding the fact that the imports OF merchan
disc during the last eleven months were Sl03000000
greater than for the eleven months ended May 81 1882
the value OF that remaining in bonded warehouses on
May 81 1887 only S3.50O,OO0 greater than That
| there on May 81, 1889 The country Is prosperous
which is able purchase and consume foreign products
England fifty years each year has imported more
merchandise than it exported II England was not rich
II could not continue to do so.
The immigration TO the country last month was large
being 10000 persons than in April. and $4,000
more than in May, 1856 This, in bone and snew, Is
greater addition the countrys wealth than the amount
OF hard dollars about 800 each which the immigrants
bring with them. The particular movements OF the
exports and imports for May and for eleven months
May 81 shown for three years In the suboed
table,